Crypto Glossary

Wallet Definition: A software or hardware solution designed to securely store, manage, and facilitate cryptocurrency transactions.

Vitalik Buterin: Co-founder of Ethereum and a leading expert in blockchain technology.

A validator is a node in a proof-of-stake (PoS) blockchain network responsible for verifying transactions and ensuring consensus within the system. Validators play a critical role in maintaining the network’s security, integrity, and functionality.

Two-Factor Authentication (2FA) is a security method that enhances account protection by requiring users to verify their identity using two different authentication factors, such as a password and a unique code sent to their device.

Transactions Per Second (TPS) refers to the number of transactions a blockchain network can process every second. It is a critical metric for assessing the scalability and capacity of a blockchain to handle user demand efficiently.

A Transaction ID (TXID) is a unique alphanumeric code assigned to every cryptocurrency transaction. It serves as a digital fingerprint, enabling users to track and verify the transaction on the blockchain.

Transaction Fee: The cost to process a cryptocurrency transaction, determined by network congestion and transaction speed preferences.

Trading Volume Definition: The total amount of a cryptocurrency traded within a specific timeframe, usually measured over 24 hours.

Trading Pair Definition: A trading pair is the combination of two cryptocurrencies traded against each other on an exchange, allowing users to exchange one for the other directly.

Trading Bot Definition: Automated software that executes trades using preset parameters, enabling 24/7 market engagement.